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Example 32
The Posterior dialog box opens, displaying the posterior distribution of the regression
weight.
The posterior distribution of the regression weight is indeed centered around –0.29.
The distribution lies almost entirely between –0.75 and 0.25, so it is practically
guaranteed that the regression weight lies in that range. Most of the distribution lies
between –0.5 and 0, so we are pretty sure that the regression weight lies between –0.5
and 0.